Gold Prices Edge Down in Saudi Arabia Following Jackson Hole Fed Remarks
Gold prices in Saudi Arabia recorded a modest decline across all karats on Sunday, August 30, 2026, tracking a broader retreat in global gold markets compared to the previous week's close.
The global downturn in bullion prices followed remarks by Federal Reserve Chairman Kevin Warsh at the Jackson Hole Economic Symposium, which tempered recent gains by keeping the door open for potential US interest rate hikes in September. Gold remains a closely monitored safe-haven asset for investors and individuals in Saudi Arabia seeking to preserve wealth amid global economic volatility.
Gold Prices per Gram in Saudi Arabia
KaratPrice (SAR)Price (USD)
24-Karat537.13$143.20
22-Karat492.37$131.30
21-Karat469.99$125.30
Gold Bullion & Bar Prices
Weight (24-Karat)Price (SAR)Price (USD)
10 Grams5,521.60$1,472.40
50 Grams27,232.30$7,261.90
1 Kilogram540,886.90$144,236.50
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